This document summarizes the state of the mobile market in 2011. It notes that the smartphone market grew significantly in 2011, with Android and iOS dominating smartphone shipments. While Android had the largest share of shipments, Apple accounted for most industry profits. The mobile app economy also grew dramatically in 2011, with over 1.3 million apps available across major app stores and over 45 billion downloads. The document predicts further growth in cross-platform development and new verticals like healthcare in the future of mobile.